diff --git a/Makefile b/Makefile
index 7928d784a4..186c8eaa25 100644
--- a/Makefile
+++ b/Makefile
@@ -12,6 +12,12 @@ STORAGE_INIT_IMG ?= storage-initializer:latest
 CRD_OPTIONS ?= "crd:trivialVersions=true"
 KFSERVING_ENABLE_SELF_SIGNED_CA ?= false
 
+# CPU/Memory limits for controller-manager
+KFSERVING_CONTROLLER_CPU_LIMIT ?= 100m
+KFSERVING_CONTROLLER_MEMORY_LIMIT ?= 300Mi
+$(shell perl -pi -e 's/cpu:.*/cpu: $(KFSERVING_CONTROLLER_CPU_LIMIT)/' config/default/manager_resources_patch.yaml)
+$(shell perl -pi -e 's/memory:.*/memory: $(KFSERVING_CONTROLLER_MEMORY_LIMIT)/' config/default/manager_resources_patch.yaml)
+
 all: test manager logger
 
 # Run tests
diff --git a/config/default/kustomization.yaml b/config/default/kustomization.yaml
index 94029cca7c..b0b2c33efa 100644
--- a/config/default/kustomization.yaml
+++ b/config/default/kustomization.yaml
@@ -42,3 +42,4 @@ patchesStrategicMerge:
   # manager_prometheus_metrics_patch.yaml should be enabled.
 #- manager_prometheus_metrics_patch.yaml
 - webhookcainjection_patch.yaml
+- manager_resources_patch.yaml
diff --git a/config/default/manager_resources_patch.yaml b/config/default/manager_resources_patch.yaml
new file mode 100644
index 0000000000..5a918afc43
--- /dev/null
+++ b/config/default/manager_resources_patch.yaml
@@ -0,0 +1,15 @@
+apiVersion: apps/v1
+kind: StatefulSet
+metadata:
+  name: kfserving-controller-manager
+  namespace: kfserving-system
+spec:
+  template:
+    spec:
+      containers:
+      - name: manager
+        resources:
+          limits:
+            cpu: 100m
+            memory: 300Mi
+            
\ No newline at end of file
diff --git a/docs/DEVELOPER_GUIDE.md b/docs/DEVELOPER_GUIDE.md
index 21a96f40af..d3368813d1 100644
--- a/docs/DEVELOPER_GUIDE.md
+++ b/docs/DEVELOPER_GUIDE.md
@@ -150,6 +150,18 @@ After that you can run following command to deploy `KFServing`, you can skip abo
 make deploy
 ```
 
+**Optional**: you can set CPU and memory limits when deploying `KFServing`.
+```bash
+make deploy KFSERVING_CONTROLLER_CPU_LIMIT=<cpu_limit> KFSERVING_CONTROLLER_MEMORY_LIMIT=<memory_limit>
+```
+
+or
+```bash
+export KFSERVING_CONTROLLER_CPU_LIMIT=<cpu_limit>
+export KFSERVING_CONTROLLER_MEMORY_LIMIT=<memory_limit>
+make deploy
+```
+
 After above step you can see things running with:
 ```console
 $ kubectl get pods -n kfserving-system -l control-plane=kfserving-controller-manager